Job Description:
This job is responsible for leading the pre-closing and closing process on basic real estate commercial construction loans. Key responsibilities include reviewing loan approval and loan documents and ensuring consistency and adherence to requirements for loans among client managers, borrowers, counsels, construction consultants, and title companies. Job expectations include monitoring documentation requirements and exceptions, including interest and past dues, and managing the construction draw process.
Responsibilities:
- Manages construction draw packages, identifies and helps resolve construction and title issues, keeps accurate records of detailed construction loan budgets and all sources of funds, including loan funds and non-loan sources of funds, and ensures loans are in balance
- Leads servicing matters for deals and delivers the highest level of service to lenders, investors, borrowers, vendors, and Lines of Business while ensuring compliance with servicing agreements, government regulations, and the bank's policies with minimal supervision
- Coordinates fundings as needed and ensures communications are timely and accurate
- Performs payoff quotes and related calculations including prepayment calculations
- Facilitates the direction of workflow and performance of quality assurance activities
- Performs monitoring, research, and the instruction of payment processing for borrower payments, disbursements, and fees and collects appropriate fees due from the lender or servicer
- Maintains past due principal, interest, and fees as well as reconciliation exceptions within acceptable levels
Required Qualifications:
- Two or more years of previous real estate loan administration experience
- Strong interpersonal skills; strong ability to influence, effectively collaborate and coordinate servicing activities with a variety of business partners and teammates
- Strong organizational and time management skills; excellent written and verbal communication skills
- Strong business acumen and problem solving skills; ability to analyze problems, recommend options, and execute solutions
- Ability to manage multiple and competing priorities and operate in an ambiguous environment or an environment where priorities may change quickly
- Proficient computer skills, including Windows, Excel, Word and Outlook
Desired Qualifications:
- Knowledge of Mortgage Warehousing and LoanIQ is a plus
Skills:
- Adaptability
- Prioritization
- Problem Solving
- Recording/Organizing Information
- Data Collection and Entry
- Financial Analysis
- Oral Communications
- Relationship Building
- Written Communications
- Data Management
- Legal Structures and Legal Forms
- Regulatory Compliance
- Result Orientation
Minimum Education Requirement:
- High School Diploma / GED / Secondary School or equivalent
